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Reef Price

(REEF)

$0.0000751
0.00%(5m)

1m5m15m1h8h1d1W
Reef (REEF) Live Price Chart

    Reef Live Price Data

    Reef is currently trading at 0.0000751, with a 24-hour trading volume of 2730533686. Over the past 24 hours, the price of Reef changed by -32.28%, and over the past week, its value in rose by +40.63%. The circulating supply of Reef is 37.23B REEF, with a market cap of 2835516.15878723852581225600 , down -32.28% in the last 24 hours. Reef is ranked #1445 by market cap.

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    Note: This data is for reference only.
    pk

    REEF(REEF) Profile

    altRank1445
    rate--
    Expand
    $0.0000694
    $0.0001464

    ATH
    $0.05840635
    Price Change (1h)
    +2.03%
    Price Change (24h)
    -32.28%
    Price Change (7d)
    +40.63%
    Market Cap
    24h Volume
    Circulating Supply
    37.23B
    Max Supply
    19.52B

    About Reef

    • What Is Reef (REEF) Crypto?
      Reef is a fast, scalable layer 1 blockchain purpose-built for tokenized equity and alternative investments. With native EVM compatibility and compliance-ready infrastructure including ERC-3643 support.
       
      Reef provides the technical foundation for projects tokenizing real estate, sports equity, and other alternative assets targeting non-accredited retail investors. Reef makes it easy for regulated issuers to deploy securities-compliant tokens without sacrificing the speed and cost advantages of a dedicated L1.
    • How Does Reef Chain Work?

      Reef (REEF) provides a blockchain platform that simplifies access to decentralized finance (DeFi), NFTs, and gaming. It’s built on the Substrate framework, making it compatible with Ethereum’s ecosystem. This compatibility allows you to easily move your Ethereum-based applications to Reef without much hassle.

       

      Reef uses a Nominated Proof of Stake (NPoS) consensus mechanism, which lets you stake REEF tokens to help validate transactions and participate in governance decisions. The platform is designed for high scalability and low transaction costs, making it accessible for developers and users alike.

       

      One of the key features is ReefSwap, a decentralized exchange (DEX) within the Reef ecosystem. It allows you to trade tokens directly on the Reef chain. The platform also plans to expand by introducing stablecoins, a new browser extension, and more tools for developers.

    • History of Reef (REEF) Coin

      Reef (REEF) was founded by Denko Mancheski, who aimed to create a blockchain ecosystem that simplifies access to decentralized finance (DeFi), NFTs, and gaming. The project officially launched in late 2020. Reef Chain is built on the Substrate framework, making it compatible with Ethereum's ecosystem while offering features like low transaction costs, scalability, and ease of use for developers.

       

      The 2024 roadmap for Reef includes several significant developments. These include launching a mobile wallet, expanding the ReefSwap decentralized exchange, and introducing stablecoins on the platform. Other upcoming features include a new browser extension, DAO infrastructure, and a native name service for the Reef ecosystem. The team is also working on integrating zero-knowledge proofs (zKP) to enhance privacy and security.

    • What Is REEF Token Used for?

      The REEF token is the native cryptocurrency of the Reef Chain, and it serves multiple purposes within its ecosystem. You can use REEF tokens to pay for transaction fees (gas) on the network and to participate in on-chain governance. By staking your REEF tokens, you can also help secure the network and earn rewards as part of the Nominated Proof of Stake (NPoS) system.

       

      In addition, REEF tokens are used within various decentralized finance (DeFi) applications on Reef, such as lending, borrowing, and trading. You can also use REEF to interact with NFTs and other assets on the platform.

       

      For trading, REEF tokens are available on several major exchanges, including KuCoin, where you can trade REEF against other cryptocurrencies on the KuCoin Spot Market. This makes it easy to buy, sell, or exchange REEF as part of your broader crypto investment strategy, but remember to DYOR before undertaking any trading decisions.

    • What Is Reef Tokenomics?

      The total supply of REEF tokens was set at approximately 20 billion at launch, though this is flexible due to the network's fee-burn model. REEF tokens are available across multiple blockchains, including Ethereum and BNB Chain, but can be swapped for native Reef Chain tokens as needed.

       

      Here’s a breakdown of REEF's token distribution:

       

      > 22% is allocated to liquidity and ecosystem bootstrap reserves.

      > 20% is reserved for the community fund, which supports various ecosystem initiatives.

      > 16% is held by the team members to ensure continued development and operations.

      > 12.5% is managed by the Reef Foundation.

       

      The remaining percentages are divided among early investors, including seed, strategic, and private sale investors, as well as a portion allocated to the Binance Launchpool.

    FAQ

    • How much is 1 Reef (REEF) worth?

    • Is Reef (REEF) a Good Investment?

    • What Is Reef Crypto Price Prediction?

    • How to Stake REEF Tokens on Reef Chain

    • What is the all-time high price of Reef (REEF)?

    • What is the all-time low price of Reef (REEF)?

    • How much Reef (REEF) is there in circulation?

    • How do I store Reef (REEF)?